Jobless rate improves to nearly 4-year low

  • Article by: MICHAEL A. FLETCHER , Washington Post
  • Updated: October 6, 2012 - 7:24 AM

At 7.8%, unemployment rate is now at its lowest level since Obama took office.

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holly61Oct. 5, 1211:24 PM

So the jobless rate today is at where it was when Obama took office in 2009? Is that an improvement? It makes me wonder what it will be in 4 years, if Obama wins re-election???

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werecomingOct. 5, 1211:24 PM

Really? Do you think you can fool us with the Chicago style politics? This is MN and we know that the true unemployment is actually the underemployment Statistics which are close to 20%.... Tired of being spun and we want jobs, Less regulations, taxation and too help the small business owners..Small business is now the worst since 1930s.. We need a business mind in office..Not someone who doesn't know anything without a teleprompter~ Fool me once shame on me, fool me twice..you get it~

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cuso26Oct. 5, 1211:37 PM

Smoke and mirrors, right people? These numbers are just completely coincidental, never mind that Tony Fratto, a former spokesperson for W. Bush said that the Bureau of Labor Statistics "is not manipulating data. Stop with the dumb conspiracy theories. Good grief."

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RanickOct. 6, 1212:43 AM

I am starting to feel optimistic about the economy. Personally I've known many friends and family members that have recently succeeded at finding jobs or getting better jobs. My own company is seeing a nice increase in revenue this year. I got in three different bidding wars on retirement properties for my elderly mother. Two of those properties never even made it onto the MLS system they sold so fast with multiple offers. My in-laws got outbid on four different properties that were on the market for less than a day, so it seems pretty apparent to me that parts of the real estate market are going crazy. It feels like we are turning a corner.

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degolier2012Oct. 6, 1212:57 AM

Is this rate that low because there are TONS of people who's unemployment benefits have expired and they no longer being tallied/receiving benefits?

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chuckalmOct. 6, 12 1:35 AM

"Manipulation of Unemploment report is impossible". Are you kidding me, with an administration that has been one big lie from the very beginning and only got worse, anything is possible. Chicago politics is at work in this administration and they will do what they need to do to get what they want.

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kris2003Oct. 6, 12 1:43 AM

Glad to see it move in the right direction, but hardly cause to celebrate as the left in the media are doing. 115,000 still doesn't meet the amount for normal workforce expansion, still too many retail, restaurant and part ime jobs, and manufacturing still lost jobs.

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arspartzOct. 6, 12 1:53 AM

How long until these numbers are adjusted?

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erikj3Oct. 6, 12 2:55 AM

No thanks to Republicans...

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fwallenOct. 6, 12 5:09 AM

It strains credulity to understand how unemployment can drop while job growth is only 114,000. It can only be explained two ways: long term unemployed are no longer looking and are not being accounted. Or The Chicago strong arms have succeeded in cooking the books. I don't know which, but it is one or the other. And neither is any reason for optimism.

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